Search results for: CFD

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  • 6 November 2018
    Authorities, Business & Finance, Contracts & Tenders

    The UK government plans to publish its final policy decisions on changes to the Contracts for Difference(CfD) scheme for the third allocation round this month.

  • 21 March 2017
    Authorities, Business & Finance, Wind Farm Update

    An arbitration tribunal has ruled in favour of Mainstream Renewable Power in relation to the dispute over the Low Carbon Contracts Company (LCCC) terminating the Contract for Difference (CfD) for Mainstream’s 450MW Neart na Gaoithe wind farm off Scotland.

  • 13 August 2015

    An independent study launched 13 August, has commended the Low Carbon Contracts Company (LCCC) for the part it has played in the first operational year of the Government’s Contracts for Difference (CFD) scheme. LCCC, which celebrated its first birthday on 1 August, is the independent counterparty to CFDs and has been lauded by industry for […]

  • 29 May 2019
    Contracts & Tenders

    The UK Department for Business, Energy & Industrial Strategy (BEIS) is opening the third Contracts for Difference (CfD) allocation round today, 29 May. The third CfD round has attracted offshore wind bids with a combined capacity of 8.4GW from major developers such as SSE, Equinor, Scottish Power, innogy, and Red Rock Power Ltd. A total of […]

  • 11 February 2019
    Authorities, Business & Finance

    Scottish Enterprise is holding an event for the local offshore wind supply chain regarding the Contracts for Difference (CfD) scheme. The event will focus on lessons learned in previous CfD auctions, the opportunities expected in the forthcoming round and how the industry will evolve for future rounds. The speakers will present competition, innovation and skills to […]

  • 29 January 2015

    Renewable Energy Association (REA) has welcomed the confirmation from the UK Department of Energy and Climate Change (DECC) that £25 million of extra funding will be made available for ‘less established’ technologies bidding in the first CfD allocation round. While the immediate priority is a successful first auction process, the REA has expressed specific and consistent concerns […]

  • 9 May 2019
    Wind Farm Update

    The 588MW Beatrice offshore wind farm in the UK has passed the Contracts for Difference (CfD) Operational Conditions Precedent (OCPs) for its second phase. The Low Carbon Contracts Company (LCCC) began allocating the CfD payments for the 336MW of the project’s second phase on 28 April. Beatrice joins four UK onshore wind farms that have passed all […]

  • 8 November 2013
    Business & Finance

    ABS has announced that it has appointed Dr. Richard Korpus as Chief Scientist, Computational Fluid Dynamics (CFD). Mr. Korpus will support the Chief Technology Officer (CTO) and the organization through his focus on developing and applying CFD technology. “We see technology as the road forward,” says ABS Chairman and CEO Christopher J. Wiernicki. “It is […]

  • 12 May 2016
    Authorities, Business & Finance, Grid Connection, Wind Farm Update

    Mainstream Renewable Power is currently in arbitration with the Low Carbon Contracts Company (LCCC) over the terms of its CfD contract for the 450MW Neart na Gaoithe offshore wind farm in the outer Firth of Forth, Scotland. The project has supposedly lost the CfD due to an ongoing judicial review requested by the Royal Society for […]

  • 10 August 2017
    Authorities, Business & Finance, Wind Farm Update

    DONG Energy plans to submit a bid in the UK Contract for Difference (CfD) auction for the Hornsea Project Two offshore wind farm  on 14 August, Henrik Poulsen, the Danish company’s CEO and President, said.

  • 15 February 2019
    Authorities, Contracts & Tenders

    The third Contracts for Difference (CfD) allocation round in the UK will commence on 29 May, the Department for Business, Energy & Industrial Strategy (BEIS), said. BEIS earlier issued a GBP 60 million draft budget proposal for the third CfD round. A final budget notice will be issued no later than ten working days before the commencement of […]

  • 14 January 2015

    German utility RWE Innogy is considering options to revive its Galloper offshore wind farm project that was scrapped in October after its project partner SSE decided to pull out. RWE is aiming to bid for the government subsidy contract for difference (CfD) scheme after qualifying in December. “We are eligible to bid and it is our […]

  • 21 November 2018
    Authorities, Business & Finance

    The UK Department for Business, Energy and Industrial Strategy (BEIS) has issued a draft budget notice amounting to GBP 60 million for the third Contracts for Difference (CfD) round.

  • 30 November 2017
    Contracts & Tenders, R&D, Wind Farm Update

    Mainstream Renewable Power has begun the selection process to bring on board a majority equity partner to help take its 450MW Neart na Gaoithe offshore wind project into construction and commercial operation.

  • 21 October 2019
    Contracts & Tenders

    All projects that secured Contracts for Difference (CfD) in the UK’s third allocation round have signed their contracts, according to Low Carbon Contracts Company (LCCC). In total, six offshore wind projects with a combined capacity of 5,466MW were selected in the CfD Allocation Round 3, with the strike prices ranging from GBP 39.65/MWh to GBP 41.61/MWh. The awarded offshore […]

  • 15 April 2019
    Contracts & Tenders

    The company registration process for the third allocation round of the UK Contracts for Difference (CfD) has opened. According to the National Grid, registration is an essential pre-application activity and parties wishing to apply for a CfD need to first complete and submit a registration form, preferably before the application window opens. The third CfD allocation round […]

  • 26 October 2015
    Business & Finance

    EDPR has entered in an Investment Cooperation Agreement with China Three Gorges (CTG), by which the Chinese company proposes to invest in and develop the Moray wind offshore project alongside with EDPR and other potential investors. Pursuant to the agreement, CTG intends to acquire up to 30% of the equity and shareholder loans directly or indirectly owned […]

  • 15 May 2020
    Business & Finance, Contracts & Tenders

    The UK government has extended the comment period for the proposed amendments to the Contracts for Difference (CfD) scheme due to the COVID-19 crisis. The consultation period was initially supposed to end on 22 May but has been extended to 29 May to give more time for sending responses. To remind, the UK recently proposed […]

  • 12 September 2017
    Contracts & Tenders

    WindEurope has called on the UK and other European governments to provide more clarity to the offshore wind industry after 2020 by committing to ambitious offshore wind deployment targets. The association’s call came yesterday, 11 September, following the results of the UK Contracts for Difference (CfD) auction.

  • 4 May 2020
    Business & Finance, Wind Farm Update

    The second phases of the East Anglia One and Hornsea One offshore wind projects in the UK have begun receiving payments under their Contracts for Difference (CfDs). This means that 285 MW from East Anglia One and 400 MW from Hornsea One have passed their Operational Conditions Precedent (OCPs) and achieved a confirmed start date on […]

  • 3 March 2020
    Authorities, Contracts & Tenders

    The UK has proposed amendments to the Contracts for Difference (CfD) scheme which would introduce floating offshore wind as a separate eligible technology with its own administrative strike price, providing a distinction from conventional, fixed-bottom projects. This would allow more potential for floating offshore wind projects to successfully compete in the next CfD allocation round, […]

  • 3 July 2020
    Wind Farm Update

    The final phase of East Anglia One has started to receive payments under the project’s Contract for Difference (CfD), thus passing the milestone of Operational Conditions Precedent (OCP) to officially start generating electricity under the CfD scheme. The final, third phase of East Anglia One has an installed capacity of 250 MW and achieved its […]

  • 26 January 2016
    Business & Finance, Wind Farm Update

    Mainstream Renewable Power is in exclusive discussions with a consortium led by power company InterGen to take its 450 MW Neart na Gaoithe offshore wind farm to financial close and into construction. The consortium also includes Siemens Project Ventures, The Marguerite Fund and Infrared Capital. Speaking today at the Scottish Renewables Offshore Wind Conference in Glasgow, Mainstream’s […]

  • 27 April 2016
    Business & Finance, Wind Farm Update

    Low Carbon Contracts Company (LCCC), a UK government-owned company created to deliver key elements of the Electricity Market Reform Programme, confirmed that Contract for Difference (CfD) milestones for East Anglia ONE have been fulfilled. With the CfD milestones achieved and confirmed by the Low Carbon Contracts Company, the project will be delivered at a price of £119/MWh, a […]

  • 11 October 2017

    The next UK Contracts for Difference (CfD) auction is planned for spring 2019, the UK Government informed today, along with the announcement that up to GBP 557 million will be made available for renewable energy projects as part of the Clean Growth Strategy. 

  • 25 September 2019
    Business & Finance

    Eni and Mainstream Renewable Power are planning to jointly participate in the UK’s fourth Contracts for Difference (CfD) allocation round. The news comes as Eni and Mainstream Renewable Power announced they had signed a cooperation agreement for developing large-scale renewable projects, including offshore wind, with an initial focus on the UK. “We are delighted to announce this co-operation agreement […]